DBS Exchange Defies Crypto Winter as Bitcoin Trading Surges 80% in 2022

DBS Exchange Defies Crypto Winter as Bitcoin Trading Surges 80% in 2022

The crypto winter of 2022 has not deterred trading on the DBS Exchange, as the platform has seen an impressive 80% surge in Bitcoin trading. The Singapore-based exchange, which is owned by DBS Bank, has managed to remain resilient amidst the market volatility, continuing to attract users and volume. Factors behind the success of DBS Exchange The exchange’s success can …

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Bitcoin ATM Operator Files for Bankruptcy with Debts of $100M-$500M

Bitcoin ATM Operator Files for Bankruptcy with Debts of $100M-$500M

Coin Cloud, a leading Bitcoin ATM operator, has filed for bankruptcy with liabilities estimated between $100 million and $500 million. This sudden turn of events has come as a shock to the cryptocurrency community and raises questions about the stability of the industry. Founding and growth as a leading Bitcoin ATM operator Coin Cloud was founded in 2014 and has …

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Binance and Air Astana Soar to New Heights with Crypto Partnership

Binance and Air Astana Soar to New Heights with Crypto Partnership

Binance has unveiled a new alliance with Air Astana, the largest airline in Kazakhstan. This partnership allows Air Astana’s frequent flyers to exchange their travel points for a selection of cryptocurrencies on the Binance platform. The partnership between Binance and Air Astana represents an exciting development for the crypto industry, providing new opportunities for individuals to invest in cryptocurrencies. Air …

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MicroStrategy's Q4 Report Drags Bitcoin Down

MicroStrategy’s Q4 Report Drags Bitcoin Down

On Thursday, MicroStrategy, a business intelligence firm, announced its eighth straight quarter of losses but remains committed to keeping Bitcoin on its balance sheet. The value of Bitcoin dropped to $23,439 after the publication of the Q4 financial results. Despite this, shares of MicroStrategy increased by nearly 10% to $300 on Thursday, although it traded below $280 in pre-market hours. …

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Bitcoin Soars to Record Heights with its Best January in Last 10 Years

Bitcoin Soars to Record Heights with its Best January in Last 10 Years

The world’s largest cryptocurrency, bitcoin, has experienced a strong start to 2023 after a rough 2022. It has risen 40% in January, marking its best January performance in a decade since 2013.  The overall crypto market has seen an increase of $280 billion this month, with major players like bitcoin and Ethereum leading the charge with a 40% rise. In …

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Nigerian Bitcoin Premium Reaches 60% as ATM Withdrawals are Restricted

Nigerian Bitcoin Premium Reaches 60% as ATM Withdrawals are Restricted

The rise in the price of bitcoin in Nigeria clearly indicates the growing demand for digital currencies in the country. The Nigerian central bank has been pushing for a transition towards a cashless society. The restrictions on cash withdrawals from ATMs have played a major role in driving the adoption of digital currencies. Currently, 1 Bitcoin has a value of …

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Bahrain's Top Real Estate Developer Accepts Bitcoin and Shiba Inu Payments

Bahrain’s Top Real Estate Developer Accepts Bitcoin and Shiba Inu Payments

Bin Faqeeh, a real estate developer in Bahrain, is the newest business to accept Shiba Inu and Bitcoin payments. Recently, Bin Faqeeh stated that its clients could now pay for real estate properties using Shiba Inu(SHIB) and Bitcoin (BTC). Clients must use their Binance Pay app to scan a QR code issued by the real estate company to pay for …

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Russia Proposes a Ban on Cryptocurrency Mining in Residential Areas

Russia Proposes a Ban on Cryptocurrency Mining in Residential Areas

According to local media reports, the State Council’s Energy Committee advises the Russian president, who has suggested a ban on creating digital currencies in residential areas to lower the risk of fires.  Cryptocurrency mining, a popular source of additional income for many Russians, is currently unregulated in the country. However, a bill aimed at regulating the activity is currently under …

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